A growing number of mainstream lenders are now offering so-called green mortgages. The idea is that if you’re moving into an energy-efficient home or making your property greener, your lender will reward you for that with a better interest rate or cashback on your mortgage.
Essentially, a green mortgage is meant to increase the appeal of owning a green property. On top of the savings you’ll make on your energy bills each month, the idea is that lenders give you cashback and/or a better interest rate when you take out a green mortgage on an energy-efficient property.
While you’d have been hard-pressed five years ago to find a single mainstream lender willing to give you an improved mortgage rate or cashback or other incentive on the basis of an energy performance certificate (EPC), there’s now a handful of high-street lenders that claim to do just that via their own versions of a green mortgage.
However, this does not mean these products are always the most cost-effective and therefore with our broad range of financial products and offers, we will review mortgages to find the most appropriate product for your circumstances
Your home may be repossessed if you do not keep up repayments on your mortgage.